Jason Scavilla
Checking or Savings account per each house
Should I have a separate checking or savings account per rental house. I currently have 3 rentals (just closed on the 3rd one a month ago), and the rent money currently all go into 1 checking account. I have Bank of A...
Kevin Galus
Accounting (Property Mgmt) takes fee from deposit
All,I need some guidance on how to account for the following in QuickBooks:I use a company to find and place tenants in my properties.They charge me ½ of the deposit fee.So here is the issue. I actually never write a ...
Rigoberto Medina
Budget to dig myself out of debt now up and running
Let me start with a little background on why I am posting this as it strikes me as a bit of a random post to just throw out there. The weekend of the 9th through the 11th I had to drive from Corpus Christi, Tx. to Cla...
Samuel Johnson
Tenant deposits into LLC which holds no title to property
Hi Biggerpockets!I recently closed on my first investment property in my name and will be renting it out soon. What I would like to hear from you is a.) what banks/software etc you initially chose to use for tenant de...
Matthew Paul
Young couple good income bad credit ........quandary
I have a young couple wanting to rent a 2/1 for 1325.00 a month They have good jobs and the income is more than necessary to qualify . But their credit is 466 and 501 . They are in their mid 20's . Everything else lo...
Donald Howaniec
credit check vs public record
Question: I am sure many of you have run into this in the past, where a credit check will show nothing regarding public records (judgements, evictions) but I find them on the public record. Sometimes it is that the a...
James Marszalek
Active Duty Military Investment Psychology
Man... If only I knew what I knew now when I was active duty, my life would be a lot different right now. But at the end of the day, you don't know what you don't know! Here's the fact: Active Duty Service Members hav...
Jack Black
Sharing Commission to a non licensee
In Florida a sales associate can share their commission as long as you fully disclose it to all parties but I'm confused with the following statement in my pre-licensing course:A sales associate wants to give the asso...
Colin Sweeney
How do you guys have your tenants pay rent?
Hey BP,Im about to close on a 4-plex in NE Minneapolis (my first investment property) and I was wondering what people in the area do to collect rents. Even though I'll be living on the property and they technically c...
Jess White
What is your favorite way to accept rent from tenants?
What payment method do you all prefer when it comes to accepting rent? I’m looking for something easy, organized, and hopefully automated.